Posts Tagged ‘Florida Finance Corporation’

Hearing Set on Virgin Trains Bond Sale

March 30, 2019

A Florida agency will hold a public hearing on April 5 to consider the plans of Virgin Trains USA to sell $1.5 billion in bonds that will be used to finance expansion to Tampa and Orlando.

The Florida Finance Corporation Board of Directors will consider arguments for and against the bond sale during a meeting in Orlando at the Hyatt Regency Hotel at the Orlando International Airport.

Opponents of the bond issue, most of them resident of Indian River County, are expected to speak against the sale.

That county, which lies on Virgin’s proposed route to Orlando, has long opposed expanding the formerly known Brightline service.

After public comments, the board is expected to vote on the bond sale.